Sold puts AXP Dec20@200


I would like to have a position in American Express but i am not willing to enter at these prices above 250 $ (currently trading @ 258,95).

Visa is trading at P/E ratio of 23 while Amex is trading at 18ish. I would like to buy Amex @200 and therefore sold puts. From October till to the begin of December this stock is also supported from seasonal aspects.

Time will tell the story.


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